Horizon Group Properties, Inc.

Horizon Group Properties, Inc.

HGPI
Horizon Group Properties, Inc.US flagOther OTC
1.00
USD
- -
- -
9.80MMarket Cap
1998 Y
1999 Y
2000 Y
2001 Y
2002 Y
TTM
Revenue per Share
6.18
10.77
8.67
7.06
6.31
5.31
Basic EPS, GAAP
0.11
-0.32
-1.01
-6.76
-7.55
-0.1
Free Cash Flow per Basic Share
0.11
1.03
0.1
-1.54
0.74
-6.53
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
0.12
-0.21
-1.19
-7.95
-15.5
-9.9
Tangible Book Value per Share
14.79
14.13
12.75
4.77
-3.83
4.48
Basic Weighted Avg Shares
3
3
3
3
3
3
Sales/Revenue/Turnover
17
30
25
20
18
15
Operating Margin (%)
32.75
16.45
20.35
-78.57
-98.25
-106.31
Depreciation Expense
8
-5
5
5
-6
4
Net Income, GAAP
- -
-1
-3
-19
-22
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
Profit Margin (%)
1.75
-2.96
-11.65
-95.74
-119.7
-1.89
Working Capital
- -
- -
- -
- -
- -
- -
LT Debt
115
107
104
103
104
94
Total Equity
41
40
36
14
-11
13
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Mar'03
Jun'03
Sep'03
ST Debt
- -
- -
- -
LT Borrowings
103
111
94
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3
3
3
Market Capitalization
8
10
11

Working Capital

FRC

in mil. unless spec.
Mar'03
Jun'03
Sep'03
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
1
1
2
Accounts Receivable, Net
1
1
1
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
3
5
5
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-180.25%
Free Cash Flow
- -
- -
-147.94%
Net Income, GAAP
- -
- -
11.68%
Sales/Revenue/Turnover
- -
- -
-10.68%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2001
6
6
6
6
20
2002
4
4
4
2
18
2003
5
4
4
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2001
-0.32
-0.18
-5.9
- -
-6.76
2002
-0.59
-0.61
-0.65
- -
-7.55
2003
-0.47
3.74
2.33
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2001
- -
- -
- -
- -
- -
2002
- -
- -
- -
- -
- -
2003
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Gary J. Skoien
Full Time Employees
129
Sector
Real Estate
Industry
Real Estate - Diversified
Address
10275 West Higgins Road Rosemont MI United States of America 60018
IPO Date
Jun 17, 1998
Business
Horizon Group Properties, Inc. is an owner, developer, and manager of outlet shopping centers in the United States, operating a portfolio of designer outlet centers primarily in seven states. Its main products and services include ownership, leasing, management, and development of outlet retail centers; property management services; strategic and master planning; accounting and financial reporting; marketing and retailer relationships; acquisitions and mergers; tenant coordination; and development, construction, and tenant build-out coordination. The company's portfolio features notable properties such as The Outlet Shoppes at Atlanta, The Outlet Shoppes of the Bluegrass, The Outlet Shoppes at Gettysburg, The Outlet Shoppes at Laredo, The Outlet Shoppes at El Paso, and Outlets at the Dells. Additionally, it develops master-planned communities in suburban Chicago. Horizon Group also owns and operates several restaurant franchises, including a full-service craft pizza and craft beer establishment. The company targets tourists and local residents in its outlet locations and operates with executive offices in Rosemont, Illinois, and a base in Norton Shores, Michigan. Founded in 1986 and headquartered in Norton Shores, MI, Horizon Group continues to focus on expanding its outlet shopping presence and community developments. Recent major changes include the acquisition of the Outlets at the Dells and the Lincoln City Outlets in 2024, expanding its retail portfolio significantly. The company has also completed a deed-in-lieu of foreclosure transaction involving several outlet properties as part of a strategic financial restructuring. Horizon Group Properties has secured a loan for certain outlet centers to support ongoing operations and growth. These strategic acquisitions and financial maneuvers have positioned the company to solidify and grow its footprint in the outlet shopping segment. The focus on acquisitions and portfolio expansion reflects a commitment to enhance its market presence and adapt to changing retail trends. Horizon Group operates in the retail real estate sector, specializing in the development and operation of outlet shopping centers with a customer base including retail tenants, tourists, and regional shoppers. The company’s geographic footprint spans multiple U.S. states, supported by offices in Michigan and Illinois. It combines retail real estate ownership and operational services with real estate development expertise, targeting higher-value outlet retail experiences and community development projects. This profile incorporates the most recent operational expansions, acquisitions, and financial strategies reflecting Horizon Group Properties, Inc.'s business activities as of late 2025.

Company News

APIChatGPT
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  • Gal Dayan Joins Horizon Group as Chief Operating Officer

  • GHK Capital-Backed Horizon Group Welcomes Kasper Diaz Sommer as Senior Vice President of Global Cruise Logistics

  • GHK Capital-Backed Horizon Group to Appoint Jeff McCorstin as President & CEO

  • Horizon Group USA Names Big Wheel Toys as Australian Distributor

  • Horizon Group USA Accelerates Global Growth Strategy with Expanded Leadership

  • Horizon Group Properties Expands Portfolio with Acquisition of Outlets at the Dells